Hurt By Higher Costs, LinkedIn Profit Slides

Earnings Reuters

A banner announcing Linkedin Inc. listing on the New York Stock Exchange hangs on the face of the building in New York, May 19, 2011. REUTERS/Mike Segar (UNITED STATES - Tags: BUSINESS) - RTR2MMFR (Reuters)

LinkedIn Corp, the operator of the world's biggest networking site for professionals, posted a quarterly loss, compared with year-earlier profit, hurt by higher costs.

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LinkedIn reported a net loss of $8.4 million, or 6 cents per share, attributable to the company for the fourth quarter ended Dec. 31 compared with a net income of $3 million, or 2 cents per share, a year earlier.

Revenue jumped about 34 percent to $861.9 million. (Reporting by Natalie Grover in Bengaluru; Editing by Kirti Pandey)